Autumn Statement: taxes reformed for self-employed workers

Changes to National Insurance contributions will mean reduced tax bills for the self employed.

Woman using Calculator
(Image credit: Witthaya Prasongsin)

Self-employed workers will see their tax bills drop by hundreds of pounds from next year following changes announced in the Autumn Statement.

Jeremy Hunt, the Chancellor of the Exchequer, revealed he would be adapting the National Insurance contributions paid by self-employed workers, which will take effect from the new tax year in April 2024.

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John Fitzsimons

John Fitzsimons has been writing about finance since 2007, and is a former editor of Mortgage Solutions and loveMONEY. Since going freelance in 2016 he has written for publications including The Sunday Times, The Mirror, The Sun, The Daily Mail and Forbes, and is committed to helping readers make more informed decisions about their money.